Dec, 31, 2020 — COREPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in Norwich, CT with 7 branch locations and about $271.28 million in total assets. Opened 85 years ago in 1936, COREPLUS FEDERAL CREDIT UNION has about 27,365 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COREPLUS FEDERAL CREDIT UNION |
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Address: (Main Office) | 202 Salem Tpke Norwich, CT 06360 |
Phone: | (860) 886-0576 |
Fax: | (860) 885-3538 |
Website: | http://www.coreplus.org |
Branches: | 7 branch locations |
Members: | 27,365 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1148 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $271,275,065 |
CEO/Manager: | Nicholas K Fortson |
Chairperson: | Susan Dowling |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,717,893 |
TOTAL INVESTMENTS | 54,696,788 |
Loans Held for Sale | 558,800 |
Real Estate Loans | 68,721,409 |
Unsecured Loans | 19,410,239 |
Other Loans | 91,236,207 |
TOTAL LOANS | 179,367,855 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,328,347 |
Land And Building | 2,732,752 |
Other Fixed Assets | 1,260,871 |
NCUSIF Deposit | 2,399,723 |
All Other Assets | 4,868,730 |
TOTAL ASSETS | 271,275,065 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,805,047 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 48,689,465 |
Regular shares | 103,025,174 |
All Other Shares & Deposits | 96,184,467 |
TOTAL SHARES & DEPOSITS | 247,899,106 |
TOTAL LIABILITIES | 249,704,153 |
Regular Reserve | 2,931,294 |
Other Reserves | 1,564,598 |
Undivided Earnings | 17,075,020 |
TOTAL EQUITY | 21,570,912 |
TOTAL LIABILITIES, SHARES, & EQUITY | 271,275,065 |
INCOME & EXPENSE | |
Loan Income | 7,658,398 |
Investment Income | 791,237 |
Other Income | 4,039,083 |
Total Employee Compensation & Benefits | 4,411,443 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,804,077 |
Non-operating Income & (Expense) | 742,127 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 930,000 |
Cost of Funds | 1,156,762 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,928,563 |
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